This
follows the recommendation made by Inter-Ministerial group (IMG) which
is scrutinising 29 blocks awarded to the private parties out of the
total 58 which were given show cause notices for delays in development
and some of these find mention in CAG report.
With
this, the government has approved cancellation of licenses of five coal
blocks, out of a total seven recommended by the IMG so far.
"I
have approved the IMG's recommendations given on Friday and will take a
call on others," Coal Minister Sriprakash Jaiswal said ahead of the
meeting of the panel, scheduled Monday afternoon.
The
IMG, on Friday had recommended deallocation of the Gourangdih ABC mine,
given jointly to JSW Steel and Himachal EMTA, in 2009.
The
block has 61.54 million tonnes (MT) of extractable reserves and the
coal from the mine was meant to be used for a power project.
The
block finds mention in the CAG report as well. The government auditor
had said the allottees of the block, located in West Bengal, might have
accrued undue benefit to the tune of Rs 1,818 crore.
Earlier, on 13th
September, the government had decided to de-allocate four blocks -
Bramhadih Block in Jharkhand allocated to Castron Mining Ltd in 1996,
Chinora and Warora (southern part) blocks in Maharashtra given to
Fieldmining and Ispat Ltd in 2003, Lalgarh (North) block in Jharkhand
allotted to DOMCO Smokeless Fuels Pvt Ltd in 2005.
It
had also accepted the IMG recommendations to deduct Bank Guarantee (BG)
in case of Marki Mangli-II, III and IV Blocks in Maharashtra allocated
to private player Shri Virangana Steels besides asking Monnet Ispat
& Energy to submit BG for Utkal B2 Block in Odisha allocated it.
IMG may decide fate of six more coal blocks today
The
Inter Ministerial Group (IMG) on coal blocks will meet on Monday to
decide the fate of six more mines allocated to private firms that were
issued notices for delaying production.
"The
IMG may decide the fate of around six coal blocks in its next meeting
scheduled for tomorrow," an official in the Coal Ministry said on
Sunday.
Coal Scam: CBI questions Arvind Jayaswal
The
CBI on Monday questioned Arvind Jayaswal, Director AMR Iron and Steel
Private Limited, in connection with alleged irregularities in allocation
of Bander Coal block in Maharashtra to the company.
Jayaswal
has been named by the agency in its FIR in which it alleged that the
company concealed and misrepresented facts that its group firms were
already been allocated coal blocks and that it was financially eligible
to get the block.
The
agency is likely to call for questioning other directors of the company
including his brother Manoj and son of Congress MP Vijay Darda,
Devendra who are also accused in the case against the company, CBI
sources said.
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